Americans Are Buying Homes Sight Unseen: Here’s Why

Lester Knispel bought the $1.5 million white-columned house on the second fairway. His Porsche is now parked in the garage. And family pictures hang in the living room.

But Lester and his wife have never set foot inside their new country club home! They live in California, and didn’t want to visit Florida during the lockdowns.

So instead they toured the five-bedroom mansion virtually, bought it, and then shipped the car and furniture soon after. “I never thought I’d buy something like this, sight unseen” Knispel told the Wall Street Journal.

In 2013, One Silicon Valley Startup Had a Weird Idea

What if you could buy or sell your home on a smartphone app? Opendoor is an internet “realtor” that will buy your house sight unseen. No open houses, negotiation, or waiting months for a buyer to come up with the money. Type

Read More